Economists have identified four types of competitive markets: pure monopoly, pure competition, oligopoly, and
A)capitalism.
B)socialism.
C)monopolistic competition.
D)consumer-dominated.
E)government-dominated.

Question

Quizplus · Accepted Answer

The other options are not types of competitive markets. Monopolistic competition is a type of market structure characterized by many small firms selling differentiated products.

Economists Have Identified Four Types of Competitive Markets: Pure Monopoly